Mexico Opens Up Its Energy Industry: The Liberalization of Mexico’s Energy Sector May Lead to New Opportunities for Investors

Mexico’s president, Enrique Peña Nieto, introduced a reform in August 2013, according to which the Mexican state will give up absolute control over the supply of oil, gas and electricity. The relevant bill changing the Mexican constitution came into effect on December 21, 2013, following ratification by the requisite number of state legislatures and leaving the way open for the relevant implementing legislation to be passed.